Helix Energy price target raised to $15 from $13 at TD Cowen

TD Cowen raised the firm’s price target on Helix Energy to $15 from $13 and keeps an Outperform rating on the shares. The firm met with management and came away more bullish on the trajectory of well intervention dayrates and decommissioning opportunities in the Gulf of Mexico. This drives a ~3% increase in estimates and raises our price target.